We are pleased to announce the signing of a three-year contract with a new Tier 1 financial services organisation from within the insurance sector.

Beeks will manage the Customer’s hybrid cloud activities across both the Beeks private cloud and the public cloud. This engagement involves providing Infrastructure-as-a-Service for the Customer’s connectivity to the major cloud service providers and is a broadening of Beeks’ service offering.

While, traditionally, we’ve provided cloud computing and connectivity for mid-tier financial institutions, predominantly in the automated trading market, one of Beeks’ goals following our IPO was to expand our client base to include larger Tier 1 organisations. Contracts such as this demonstrate the growing capabilities of the business and our expanding addressable market opportunity.

It’s an exciting time at Beeks, as we continue to build our capacity in catering for greater numbers of clients, increasing our crypto exchange connectivity, and adding more staff to our dedicated teams.

The natural progression of the company, combined with the additional capital resulting from the IPO, leaves us well placed to continue these types of client acquisitions moving forward.

Gordon McArthur, CEO of Beeks Financial Cloud, commented, “The resilience and scalability of our network, combined with our specialist financial services expertise, means we are ideally positioned to assist all sizes of financial services organisations in the management of their cloud infrastructure. We secured this customer following an intense procurement process. This is an exciting new avenue of growth for us in addition to our core services for automated trading. It will complement these traditional automated trading services, and will leverage the investments we have already made in the business.”